I laughed when I read the following article http://www.investorschronicle.co.uk/2012/10/16/comment/smart-money/let-o... If Members of Parliament were stripped of their gold plated and very generous final salary pensions in favour of a group personal pension scheme, I believe the unfavourable changes to the taxation of pensions would not have occurred. I also believe the political elite would have thought twice about all of the quantative easing which has been so adverse on annuity rates and income drawdown as gilt rates are artificially low.
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